Legislation & Government Relations Consulting Center 2024-05-08
  • Share

    1. URL

Weekly Legislative Report (For the week of April 29, 2024 – May 3, 2024)

As the first-ever Korean law firm to issue specialized legislative journals, DR & AJU LLC has been publishing the monthly Policy & Business (P&B) Report since August 2019. The P&B Report provides analyses of plenary sessions of the National Assembly, as well as standing committee and subcommittee meetings. In addition, the firm has been co-hosting the Future Leaders Forum with the Herald Business, inviting chairpersons of standing committees to discuss relevant legislative issues and tasks.

As an extension of this service, DR & AJU has also been issuing the Weekly Legislative Report, which covers various legal issues at the center of public debate along with editorials and columns on the Serious Accidents Punishment Act (“SAPA”) from major daily news outlets. The report will be released with an update on newly proposed or pending bills. Enclosed is this week’s legislative report, and please refer to the P&B Report for further details.

If you wish to subscribe to the P&B Report or have any other queries, please contact us at .

Proposed Bill(s)

① Partial Amendment to the Restitution of Development Gains Act

This Amendment proposes a reduction in development charges for development projects subject to the imposition of development charges with authorization, etc., obtained from January 1, 2024, to December 31, 2024.

② Partial Amendment to the Community Credit Cooperatives Act

This Amendment allows individuals with a specific amount of experience as a member or a delegate to be appointed or elected as a full-time executive officer.

2. Pending Bill(s)

③ Act on Artificial Intelligence Industry Promotion and Trust Securement

This Bill establishes the legal foundation to support the AI industry and mandates businesses utilizing AI technologies in high-risk sectors to ensure safety and credibility. 

3. Promulgated Bill(s)

④ Act on the Promotion of Utilization and Support of Urban Air Mobility

This Bill facilitates the advancement of new technologies and the development of services for various UAM aircraft, such as air taxis, without being limited by the existing aviation laws.

4. Bill(s) Undergoing Pre-Announcement of Legislation/Administration

⑤ Partial Amendment to the Enforcement Decree of the Personal Information Protection Act

This Amendment establishes detailed criteria for the qualification of data transmitters, methods of transmission, etc., to facilitate the settlement of the MyData system (personal information transmission request system) across all sectors starting next year.

5. Serious Accidents Punishment Act ("SAPA") Related Editorials and Columns from Major Dailies

[The JoongAng] High Demand for “Safety Managers” with SAPA Enforcement Has Resulted in a 47% Increase in Number of Applicants Taking Industrial Safety Engineer Exams 
[Maeil Business News] Police Decide Not to Indict Seongnam Mayor Shin Sang-jin for “Collapse of Jeongja Bridge in Bundang” 
[Money Today] Appellate Court Upholds First-Time Indictment of CEO Under SAPA in Seoul
[The Chosun Ilbo] Prosecutors Investigate Chungbuk Governor Kim Young-hwan for Violating SAPA in Osong Underpass Tragedy

*For more details, please download the PDF file attached.